Iraq Stock Market Report

By Editor on 26th January 2024 in Investment

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Rabee Securities Iraq Stock Exchange (ISX) market report (week ending: 25th January 2024).

ISX Market Summary of This Week
Trading Vol. (IQD mn)/d	30,124.9	# of Listed Companies on the ISX	103
Trading Vol. ($ mn)/d	22.8	# of Traded Companies	64
Traded Shares (mn)/d	30,998	# of Companies (Up)	12
Total Trades (#/d)	4,473	# of Companies (Down)	29
ISX Mcap (IQD bn)	19,713	# of Companies (Not changed)	23
ISX Mcap ($ mn)	14,934	# of Comp. Suspended from Trading (GA)	4
Market FX Rate/ CBI Auction Price (IQD/$)*	1320 / 1310	# of Comp. Suspended from Trading (ISC)	3

*Selling price of the dollar from banks and non-bank financial institutions to the final beneficiary

**Selling price of the dollar by the CBI to the banks

Top 5 Gainers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Iraqi Islamic Bank	BIIB	1.030	32.1%	49.3%
Al-Mansour Bank	BMNS	1.780	26.2%	27.1%
Al-Ameen Estate Inv. (NRM)	SAEI	3.750	25.8%	-25.0%
Fallujah for Const. Mat. (NRM)	IFCM	5.060	20.2%	46.7%
Mansour Hotel	HMAN	47.000	14.6%	17.5%

Top 5 Losers - Weekly
Company Names	ISX Code	Closing Price(IQD)	Price Change (w/w)	Price Chg. (YTD)
Iraqi Agricultural Products	AIRP	21.000	-13.0%	0.0%
Trans Iraq Bank for Invest. (NRM)	BTRI	0.700	-12.5%	-44.0%
Rehab Karbala Company	HKAR	1.000	-9.1%	-9.1%
Iraqi Agricultural Prod. Mark. Meat	AIPM	5.250	-8.7%	-31.1%
Al-Ataa Islamic Bank (NRM)	BLAD	0.120	-7.7%	-7.7%

Top 5 Active by Weekly Trading Volume
Company Names	ISX Code	Trading Vol. (IQDmn)/d	Trading Vol. ($'000)/d	Share in Total Trad. Vol.(%)
Iraqi Islamic Bank	BIIB	19,852.2	15,039.5	65.9%
Bank of Baghdad	BBOB	4,305.1	3,261.4	14.3%
National Bank of Iraq	BNOI	1,276.4	967.0	4.2%
Fallujah for Const. Mat. (NRM)	IFCM	932.6	706.5	3.1%
Baghdad Soft Drinks	IBSD	758.5	574.6	2.5%

Distribution of No. of Weekly Trades and Trading Vol. by Sectors
Sector	No.of Trades/w	Trading Vol. (IQD mn)/w	Trading Vol. ('000 $)/w	Share in Total Trading Vol. (%)
Banking	2,471	27,116.3	20,542.7	90.0%
Industry	1,212	1,877.9	1,422.6	6.2%
Telecom	164	480.2	363.8	1.6%
Services	414	440.5	333.7	1.5%
Hotels&Tourism	140	181.6	137.6	0.6%
Agriculture	49	27.0	20.5	0.1%
Insurance	20	1.5	1.1	0.0%
Investment	3	0.0	0.0	0.0%
Grand Total	4,473	30,124.9	22,821.9	100.0%

Iraq Stock Exchange

A cross transaction occurred on 24.0 bn shares of Iraqi Islamic Bank (BIIB) on Jan. 21 valued at IQD19.0 bn and corresponding to 9.6% of BIIB's capital.
Baghdad Hotel (HBAG) invited its shareholders to receive their cash dividends for the fiscal year 2022 starting Jan. 28. The company decided in its recent AGM (Dec. 24) to distribute IQD0.49 cash dividend per share, corresponding to an 4.4% dividend yield.
Al-Mansour Bank (BMNS) invited its shareholders to subscribe to 40 bn shares starting Feb. 4 from the capital increase to IQD300.0 bn through a 16% rights issue and a 4% bonus issue. The subscription period is no less than 30 days and no more than 60 days.
Al Janoob Islamic Bank (BJAB) has completed the legal procedures for the capital increase through a 104% rights issue to IQD510.0 bn.

Stocks that were suspended / will be suspended from trading:

ISX suspended trading of Al Ansari Islamic Bank (BANS) starting Jan. 22 due to the AGM that will be held on Jan. 25 to discuss and approve 2022 annual financial statements.
ISX suspended trading of Asiacell (TASC) starting Jan. 23 due to the AGM that will be held on Jan. 27 to discuss and approve electing nine original and nine alternative board members.